Business Plans Should Move to the Back Seat

Entrepreneurship, at least from the perspective of teaching and competitions, is all about business plans. This, however, is the wrong focus. New ventures, whether a new startup or a new idea in an established company, are about discovery. The more an entrepreneur wants to build a new market or change the parameters of an existing…
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Why Good People Do Bad Things and What We Can Do About It

We can agree that people desire – in general – to act in an ethical manner and see themselves as ethical people. And there is general agreement also on values that matter to most people across different cultures: courage, justice, humanity, temperance, wisdom and transcendence. That said, there are many situations in which good people…
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The Volcker Rule

Finally the Volker rule is in place. The five U.S. financial regulatory agencies – yes five: the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission and the Commodity Futures Trading Commission – agreed on the rule to…
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